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The revenue generated from these registrations in Mumbai also jumps 14% year-on-year to Rs 6,699 crore, compared with Rs 5,874 crore in H1 2024.
The year 2025 continues to record more sales of high-ticket price homes in Mumbai in comparison to more affordable ones.
Mumbai’s real estate market has defied global and domestic headwinds in the first half of 2025, posting record-breaking figures in both property registrations and government revenue. The latest data from the Maharashtra State Revenue Department shows that between January and June 2025, Mumbai recorded 75,672 property registrations, which was up 4% from 72,491 in the corresponding period last year.
The revenue generated from these registrations also jumped 14% year-on-year to Rs 6,699 crore, compared with Rs 5,874 crore in H1 2024, according to data from the Inspector General of Registration (IGR).
This robust performance comes despite broader market challenges, including geopolitical tensions, domestic uncertainties, and muted housing sales across the Mumbai Metropolitan Region (MMR).
June Clocks Second-Highest Registrations in 6 Years
According to the data, June 2025 alone saw 11,211 property deals in Mumbai, making it the second-highest registration month for June in the last six years. The city earned Rs 1,004 crore in revenue during the month. While transaction volume was 4% lower compared to June 2024’s 11,673 registrations, revenue held steady, dipping just 1% year-on-year.
“June 2025 saw Mumbai notch up its second-highest property registrations for the month in six years, with 11,211 properties changing hands and revenue collections hitting an impressive Rs 1,004 crore,” said Anuj Puri, Chairman of ANAROCK Group. “While registrations dipped slightly – about 4% lower than June 2024’s 11,673 deals – this year’s revenue held firm, matching almost last year’s figure.”
Housing Sales Dip, But Registrations Hold Firm
Interestingly, while the volume of housing sales in the wider MMR, Mumbai included, saw a sharp decline, the city’s registration data remained buoyant. According to ANAROCK Research, housing sales in MMR during H1 2025 stood at 1,89,570 units, down 32% compared to the same period last year. However, property registration numbers in Mumbai city stayed strong, driven by a notable surge in March.
“Behind this seeming paradox lies a record-breaking March. After the announcement of a 3.9% hike in Maharashtra’s ready reckoner rates for FY26, buyers rushed to register properties, resulting in a whopping 15,501 registrations – the highest March tally in three years. For perspective, only December 2020 (19,581) and March 2021 (17,728) saw higher numbers, both during the COVID-era stamp duty cut. March is always a hot month for registrations, but March 2025 was exceptional, raking in over ₹1,589 crore in revenue from property registrations alone,” Puri added.
Average Home Prices Continue Uptrend
The data also points to a growing preference for high-value homes. The average ticket size of properties registered in H1 2025 stood at Rs 1.60 crore, a 3% rise from Rs 1.56 crore in H1 2024. When compared to H1 2021, where the average was Rs 1.02 crore, the increase is a substantial 55%.
“In short, 2025 continues to record more sales of high-ticket price homes in comparison to more affordable ones,” Anarock Research said.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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